Singapore, 13 May 2024... The Monetary Authority of Singapore (MAS) announced today that Mr Gan Kim Yong, Minister for Trade and Industry, will be appointed Chairman of the MAS Board of Directors for the period 15 May 2024 to 31 May 2026.

2. Mr Gan has been Deputy Chairman of MAS since 8 July 2023. He replaces Deputy Prime Minister and Minister for Finance, Mr Lawrence Wong, who has served as Chairman of MAS since 8 July 2023. Mr Wong had previously served as Deputy Chairman of MAS from 1 June 2021 to 7 July 2023, and was a member of the MAS Board from 10 June 2011 to 29 August 2016. Mr Wong will relinquish his positions as Chairman and member of the MAS Board from 15 May 2024.

3. The members of the MAS Board as of 15 May and 1 June are listed in Annexes A and B respectively.

*****